The Standard Library offers the ready-made Trading Classes to work with trading functions. Orders, positions and deals are considered separate entities in the new platform, since now you can trade not only usual Forex symbols, but also exchange instruments. At each trading operation, the Trade and TradeTransaction events are sent to the terminal to be processed by the appropriate handlers. MQL5 implements event handling making it simpler and easier to build complex trading algorithms. Low network costs, high Depth of Market refresh rates and asynchronous order sending accelerate trade operations dozens of times allowing you to develop trading robots for the new class of strategies. Just get a VPS next to the trading server and send your fast MQL5 robot to trade there directly from the terminal. Besides, you do not need to place your terminals as close to a broker as possible. With the fifth generation platform, you do not need third-party connections to exchange protocols.
These operations open opportunities previously unavailable for many professional traders. The second reason is the implementation of asynchronous operations executed in a fraction of a millisecond.
This is possible because all MQL5 language functions are implemented as efficiently as possible, while the compiler aggressively optimizes the obtained executable EX5 code to achieve the high speed of MQL5 applications. The new MQL5 language syntax is similar to that of MQL4 but MQL5 programs work up to 20 times faster. New features of trading robots development As soon as a new tick incomes, the expert will start executing.Īn expert advisor is shut down after it has been removed from the chart. To launch an expert, one has to impose it into the chart. Besides, each expert can have its own settings. Working parameters common for all experts are set in the client terminal settings. It is a constituent of the client terminal and represents a convenient development environment of MQL4 programs.īefore using of experts, one has to set up them first.
To create and compile an expert, one has to use the built-in "MetaEditor". An expert can perform analytical and trading operations for any symbols or periods independent on whether the corresponding chart was opened or not. The entire routine work of technical analysis and trading can be given to experts. They allow to perform prompt technical analysis of price data and manage trading activities on basis of signals received.
Expert Advisors (experts) are programs in the terminal that have been developed in MetaQuotes Language 4 (MQL4) and used for automation of analytical and trading processes.